Overview of Accounting This is an informational presentation to delineate accounting and financial information catered to small business owners. Over the course of this presentation several topics on different types of business entities, roles of financial management, ethical implications on business decisions, financial statements and its audience, and managerial reports will be defined. Financial Management Roles of financial management The ultimate goal of financial management is to maximize the wealth of the shareholder. Financial management is responsible for evaluating each decision on the basis of how it contributes to the organization�s earnings and maximizing profits. Management functions include allocating funds for current operations and assets, determining the best mix of financing alternatives such as stocks, bonds, budgeting and establishing dividend plans. Financial management activities on a daily basis also include credit management, inventory management and the collection and payment of capital. To maximize the market value of the firm, financial manageme......

Word Count: 1300
Page Count: 5.2 (250 words a page / double spaced)

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